When a company like Twitter raises a large B round at a giant valuation for a pre-revenue company it tends to send ripples of scorn through the tech community. People were similarly bewildered and upset when Slide got their $550 million valuation and of course livid when Microsoft’s strategic investment in Facebook valued the social [...]
Gradual Change
It’s the Story, Stupid
A couple of stories caught most of the Internet’s eye yesterday and today. Mark Zuckerberg’s dismal performance on 60 Minutes and the rumors about Facebook not buying Plaxo. Breaking it down, here’s what really happened:
1. VentureBeat writes provocative story about Facebook buying Plaxo, to drive traffic;
2. TechCrunch writes provocative and contradictory story about Facebook not [...]